- Ripple is confident U.S. banks will start wanting to use XRP for cross-border transactions after a judge gave the firm a partial victory in its fight against the SEC, General Counsel Stu Alderoty told CNBC.
- A judge ruled that XRP, a cryptocurrency Ripple is closely associated with, was not in itself necessarily a security, in a development with major implications for the digital asset industry.
- It wasn’t a total victory for Ripple, however – the judge also ruled that sales of XRP by Ripple to institutional buyers do count as unregistered sales of securities.
